ASIC takes action against SMSF auditors

ASIC has taken action against several of SMSF auditors after concerns about their failure to meet requirements, including independence and auditing standards, failing to comply with continuing professional development (CPD) requirements and otherwise not being fit and proper persons.

ASIC slugs adviser with permanent ban

ASIC has permanently banned SMSF financial adviser (FA) Tram Tran of NSW after she allegedly transferred a client’s self-managed super fund (SMSF) into a trust account, for which she was the sole director, and after disqualifying her in July as SMSF auditor.